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Although Portugal’s economy was one of the worst affected in Europe during the most recent economic crisis, requiring a bailout from its European counterparts, its economy has started to show...
EU proposals to enforce greater transparency around currency conversion for card transactions are technically impractical and could drive up costs for consumers, industry insiders have argued.
The Australian central bank has opted not to impose legal requirements on payment firms to provide merchants with least-cost routing (LCR) functionality for duel-network contactless debit cards,...
On May 16, 2018 the Banking (Cash Machine Charges and Financial Inclusion) Bill 2017-19 passed its first reading in the House of Commons, under the "Ten Minute Rule"....
Despite a raft of urgent EU regulatory reforms aimed at tackling terrorist financing, officials remain concerned about a lack of visible progress at member state level — with cash, prepaid cards...
On May 17, 2018 the National Bank of Ukraine (NBU) published a report on payment cards for daily cashless operations, which highlights that Ukrainians are increasingly adopting payment cards for...
Campaigners have again called on authorities to save the UK’s cash machine network from forced closures, arguing LINK’s decision to drop interchange fees is part of a “sinister” push from banks and...
European law enforcement authorities have dismantled a fraud ring specialising in counterfeiting fuel cards, with the group believed to have stolen more than €500,000.
The U.S. Supreme Court has ruled that federal restrictions on sports betting are unconstitutional, paving the way for payment processors hoping to capitalize on a potentially lucrative new market.
The Consumer Financial Protection Bureau has delayed even further reconsiderations of long-criticized rules affecting electronic payment methods in the U.S., with suggestions the authority is...
A senior figure in UK Open Banking has criticised the efforts of banks in adapting to the new regime and called for them to improve their offerings to make the process more attractive to the...
Retail groups are complaining that card networks have drastically increased scheme fees since EU-wide caps on interchange fees came into effect two years ago.
On May 4, 2018 the Monetary Board, within Bangko Sentral ng Pilipinas (BSP), the Philippines central bank, approved the regulations that implement the Philippine Credit Card Industry Regulation Law...
On May 2, 2018, the Treasury of the Australian government launched a consultation to collect the public’s feedback about expiry dates on gift cards. The government is considering options to...
Landmark reforms to Thailand’s regulatory framework for non-bank payment providers are likely to open doors to new market entrants and foreign firms, legal experts believe.
American Express has raised concerns over plans to use Australia’s forthcoming open banking framework as a means to share customer due diligence information across competing firms.

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